Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Feb 02, 2017

Shearman & Sterling Advises on $1.13 Billion Acquisition Financing for Optiv Inc.

Shearman & Sterling advised Jefferies Finance LLC, as lead left arranger and First Lien and Second Lien Administrative Agent, on an acquisition financing for Optiv Inc., a portfolio company of KKR & Co., consisting of an $800 million first lien term loan, a $230 million second lien term loan and a $100 million ABL facility, for the purposes of funding its merger with a subsidiary of Olive Holdings, Inc.

The Shearman & Sterling team included partners Joshua Thompson, Michael Steinberg (both New York-Finance), Malcom Montgomery (New York-Real Estate) and Jordan Altman (New York-Intellectual Property Transactions); counsel Nathan Tasso (Washington, DC–Tax); and associates Andrew Tsang and Josephine Good (both New York-Finance). Other Shearman & Sterling lawyers involved in the transaction were associates Matthew Tosto (New York-Real Estate), Adam Sternberg (New York-Tax) and Marie-Alexis Valente (New York-IP).